sec.321Instruments about WBWC

### sec.321 Instruments about WBWC This section applies to an instrument applying to WBWC in force immediately before the transfer day (the transferring instrument ). A transferring instrument applies to FCRC in place of WBWC. Without limiting subsection (2)— a transferring instrument to which, immediately before the transfer day, WBWC was a party is taken to be an instrument to which FCRC is a party in the same way WBWC was a party; and a transferring instrument given to, by or in favour of WBWC is taken to have been given to, by or in favour of FCRC in the same way it was given to, by or in favour of WBWC; and a transferring instrument that refers to WBWC is taken to refer to FCRC in the same way it referred to WBWC; and a transferring instrument under which money is, or may become, payable to or by WBWC is taken to be an instrument under which money is, or may become, payable to or by FCRC in the same way the money was, or might have become, payable to or by WBWC; and a transferring instrument under which property, other than money, is, or may become, liable to be transferred, conveyed or assigned to or by WBWC is taken to be an instrument under which property is, or may become, liable to be transferred, conveyed or assigned to or by FCRC in the same way the property was, or might have become, liable to be transferred, conveyed or assigned to or by WBWC. In this section— instrument — includes an approval, licence or permit; but does not include a contract. s 321 ins 2013 SL No. 16 s 6 (sec.321-ssec.1) This section applies to an instrument applying to WBWC in force immediately before the transfer day (the transferring instrument ). (sec.321-ssec.2) A transferring instrument applies to FCRC in place of WBWC. (sec.321-ssec.3) Without limiting subsection (2)— a transferring instrument to which, immediately before the transfer day, WBWC was a party is taken to be an instrument to which FCRC is a party in the same way WBWC was a party; and a transferring instrument given to, by or in favour of WBWC is taken to have been given to, by or in favour of FCRC in the same way it was given to, by or in favour of WBWC; and a transferring instrument that refers to WBWC is taken to refer to FCRC in the same way it referred to WBWC; and a transferring instrument under which money is, or may become, payable to or by WBWC is taken to be an instrument under which money is, or may become, payable to or by FCRC in the same way the money was, or might have become, payable to or by WBWC; and a transferring instrument under which property, other than money, is, or may become, liable to be transferred, conveyed or assigned to or by WBWC is taken to be an instrument under which property is, or may become, liable to be transferred, conveyed or assigned to or by FCRC in the same way the property was, or might have become, liable to be transferred, conveyed or assigned to or by WBWC. (sec.321-ssec.4) In this section— instrument — includes an approval, licence or permit; but does not include a contract. - (a) a transferring instrument to which, immediately before the transfer day, WBWC was a party is taken to be an instrument to which FCRC is a party in the same way WBWC was a party; and - (b) a transferring instrument given to, by or in favour of WBWC is taken to have been given to, by or in favour of FCRC in the same way it was given to, by or in favour of WBWC; and - (c) a transferring instrument that refers to WBWC is taken to refer to FCRC in the same way it referred to WBWC; and - (d) a transferring instrument under which money is, or may become, payable to or by WBWC is taken to be an instrument under which money is, or may become, payable to or by FCRC in the same way the money was, or might have become, payable to or by WBWC; and - (e) a transferring instrument under which property, other than money, is, or may become, liable to be transferred, conveyed or assigned to or by WBWC is taken to be an instrument under which property is, or may become, liable to be transferred, conveyed or assigned to or by FCRC in the same way the property was, or might have become, liable to be transferred, conveyed or assigned to or by WBWC. - (a) includes an approval, licence or permit; but - (b) does not include a contract.